to go in debt, search for meego on twitter and you will see lots of the same reuters and elop leaked memo retweets. they seem to go hand in hand but, nobody knows for sure what is going on behind the curtain.
there are some things that don't end up.
1. reuters saying the first device is being cancelled, but there will be a new meego device revealed.
2. burning platform? why is a CEO talking like this in the first place?
so. if meego isn't cancelled why is the hardware?

meemo is nokia's best shot, but they have to do it right or resort to wp7? till meego is matured.

as a n900 owner I encourage Nokia to go with Meego as the last stronghold against Android, Ios and WP7, but if it isn't finnished they will likely follow another route till the job is done.
But with the rate Android is taking over the market, I think this is the last chance to introduce Meego.